According to reports, Temasek Holdings plans to invest in online insurance policy aggregator, PolicyBazaar by acquiring a stake indirectly from its existing shareholder, Info Edge, as per a stock market disclosure.
On the other side, the online grocery store, BigBasket plans to raise $25 Mn from International Finance Corporation (IFC). IFC, in turn, will acquire a minority stake in Supermarket Grocery Supplies Private Limited, the parent company of BigBasket.
This week 18 startups raised more than $5 Mn, in funding altogether. (Majority of startups have kept the funding amount undisclosed)
Let’s Have A Look At The Startups That Raised Funds This Week
Bounty App: Nanolocal commerce app, Bounty, raised an undisclosed amount in seed round of funding from Fireside Ventures, Mumbai Angels and MAPE Advisory Group to expand into other cities, add new retail categories and enhance product and technology stacks. The round also saw participation from Basab Pradhan and Apurva Salarpuria.
GymTrekker: A fitness discovery platform, GymTrekker, raised an undisclosed amount of funding from angel investors Dewang Neralla, Roopak Taneja and Manisha Gupta. The startup will use the funds to expand its existing platform.